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Advaxis Inc Set to Possibly Pullback After Yesterday's Rally of 16.93%

By James Quinn

Advaxis Inc (NASDAQ:ADXS) traded in a range yesterday that spanned from a low of $1.39 to a high of $1.62. Yesterday, the shares gained 16.9%, which took the trading range above the 3-day high of $1.51 on volume of 5.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Advaxis Inc share prices have been bracketed by a low of $1.15 and a high of $7.45 and are now at $1.45, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 1.3%.

SmarTrend is tracking the current trend status for Advaxis Inc and will alert subscribers who have ADXS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders advaxis inc

Ticker(s): ADXS